Tees Valley Airport sold

The immediate future of loss-making Durham Tees Valley Airport appears safeguarded with news that Peel Airports Ltd has sold its majority shareholding to Peel Investments Ltd, a wholly owned subsidiary of Peel Group. Peel Airports Ltd is 65% owned by Vantage Airport Group (formerly Vancouver Airport Services) and 35% by the Peel Group. Political leaders want reassurance that Peel is committed to the airport in the long-term. Six local councils own 25% of the airport’s shares.

Join Local Transport Today subscribers and read this article in full...

1 Year

2 Year

3 Year

£140

£252

£357

Local Transport Today is dedicated to providing you with detailed knowledge: essential to informed transport planning and project delivery. All annual subscriptions include a 1 user licence for TransportXtra